Home > Polymers, Specialty Chemicals & Advanced Materials > Flat Glass Market
Global Flat Glass Market size was over USD 105 billion in 2020 and is estimated to grow at over 8% CAGR between 2021 and 2027 owing to rising environmental concerns regarding waste management along with recyclability of glass promoting its use in various end use applications and rising green building concept. Rise in demand for energy efficient, durable, and cost-effective products along with the shift in consumer preference towards glass in interior and exterior building structure for aesthetic appearance may propel the market growth.
To get more details on this report: Request Free Sample PDF
Flat glass is majorly used in window panels as this transparent and versatile material is gaining traction into the construction of facades, doors, walls etc. Availability of wide range of products such as float glass, laminated glass, tinted glass, and others coupled with stylish appearance and enhanced properties such as improved impact resistance, durability, and high thermal resistance has influence the flat glass market share from commercial and public construction projects.
Report Coverage | Details |
---|---|
Base Year: | 2020 |
Market Size in 2020: | 105.0 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 8% |
2027 Value Projection: | 180 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 700 |
Tables, Charts & Figures: | 1,389 |
Segments covered: | Product, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
Laminated glass market was surpassed USD 32 billion in 2020 and is projected to grow at a CAGR of 8.5% from 2021 to 2027 owing to the growing construction & automotive industries. Laminated glass is primarily used as roof window glass for construction applications and for manufacturing vehicle windshields.
To get more details on this report: Request Free Sample PDF
Laminated glass provides safety, soundproofing, breaking strength, and protection against bad weather thus utilize in automotive applications. Automakers have long used laminated glass to match their windshields to improve the sound absorption and reflectance of infrared and ultraviolet light. High-end cars use laminated backlights with tungsten wire embedded in the defrost. The use of laminated side glass began with popular models such as the Audi A8 (1994), followed by the Mercedes S-Class (1996) and the Volvo S80.
The COVID-19 pandemic has affected the laminated glass market negatively. Halt in the construction and infrastructure projects and automobile production during lockdown has mainly affected the market growth. For instance, automobile production in 2020 witnessed a decline of 15.8% compared to 2019. However, the recommencement of business operations is expected to boost the flat glass market sales in the upcoming years.
Global flat glass market for a new construction application segment was valued around USD 40 billion in 2020 and is expected to account market value of over $65 billion by 2027. It is mainly used in the construction of windows, doors, solar cells, cabinet locks, tabletops, furniture and walls. Residential and non-residential construction projects are on the rise due to rising economic standards and increased investment in the construction sector. Rapid industrialization and urbanization, especially in China, India, Brazil and the United Arab Emirates, and government regulations on energy efficiency and smart glass technology as advanced building practices could have a positive impact on the flat glass market revenue.
To get more details on this report: Request Free Sample PDF
Growing trend of replacing brick, cement and granite facades and other counter parts with stylish and colourful glass in residential and commercial construction can boost the flat glass market growth. The rapid development of the construction industry, primarily due to increased investment in India and China and increased spending on construction and refurbishment, could drive industry growth and increase the product demand.
Moreover, the manufacturers operating in construction industry are effectively utilizing flat glass as they provide improved recyclability, durability, abrasion resistance, vibration control and strength. Flat glass also permits the manufacturers to minimize production cost facilitate modular assembly practices and improve the quality of the products.
The Europe flat glass market value is expected to exceed USD 30 billion by 2027, and it is expected to grow at a CAGR over 6.5% from 2021 to 2027. Expanding applications in commercial and residential construction owing to enhanced flexibility, fire protection, self-cleaning, noise protection and insulation properties, as well as the growing green building concept, especially in Germany, the UK, Italy, and France, will drive regional growth.
In addition, wide scope of applications in consumer industries such as electronics, aircraft, telecommunications, and healthcare have the potential to drive product demand through specialized product development and technological advances. Supporting regulatory guidelines led by REACH and the EU Human and Animal Safety Commission on the use of flat glass in the construction and automotive sectors can increase product demand in the region.
Germany flat glass market was valued $15 billion in 2020 and is expected to reach USD 6.30 billion by 2027 growing at a CAGR of around 6% from 2021 to 2027 due to heightened environmental issues related to CO2 emissions and high energy consumption. Flat glass products provide natural light and solar heat transfer, providing an energy-efficient solution.
Key players in the flat glass industry include Saint Gobain, Asahi, Xiny Auto, NSG, Schott AG, Sisecam, CSG Architectural, Cardinal and PPG Industries. Astro Cam, Syracuse, Dillmeier Glass Company, Sangalli, Scheuten, Interpane, Duratuf Glass Industries Ltd, GSC Glass Ltd, Independent Glass Co., Ltd., AJJ Glass Products Co., Ltd., Oldcastle Building Envelope, Paragon Tempered Glass, Trulite Glass and Aluminum Solutions, China Glass Holdings Ltd., Corning Inc., Euroglas GmbH, Central Glass Co., Ltd and GrayGlass Company.
The companies are engaged in extensive research & development to develop innovative products and increasing efforts to develop high quality and cost-effective products used in various application. For instance, in March 2017, Guardian Glass spent over USD 1.5 million and approved engineering design spend for expanding glass facility by 1,000 metric tons in Poland to meet its customer demand in both commercial and residential sectors.
The global flat glass market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2021 to 2027 for the following segments:
Click here to Buy Section of this Report
The above information has been provided for the following countries: